Oxyzo FY26 operating revenue rises 23% as profit climbs 11% to Rs 375.5 crore
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Kp Panchal
- May 31, 2026
SME-focused NBFC Oxyzo Financial Services posted a 23% year-on-year increase in operating revenue to Rs 1,488.8 crore in FY26, while its net profit rose 11% to Rs 375.5 crore, according to the company’s consolidated financial statements.
The company had reported operating revenue of Rs 1,207.4 crore in FY25. Interest income, which remained the primary contributor to revenue, climbed 23% to Rs 1,406.8 crore during the fiscal year. Fee and commission income also registered growth, rising 13% to Rs 68.1 crore. Including other income, Oxyzo’s total income reached Rs 1,493.8 crore in FY26.
The growth was driven by an expanding lending portfolio and stable asset quality metrics.
Based in Gurugram, Oxyzo reported a 28% increase in total assets, which stood at Rs 11,822 crore as of March 2026. Its loan book expanded to Rs 10,545 crore during the same period. Asset quality remained healthy, with gross non-performing assets (GNPA) at 0.74% and net NPA at 0.30%.
The company reported a return on assets (RoA) of 3.8% and closed the fiscal year with a net worth of Rs 3,327 crore. It maintained a capital adequacy ratio (CRAR) of 29%, a debt-to-equity ratio of 2.2x, and liquidity reserves exceeding Rs 950 crore.
Oxyzo stated that it continued to strengthen and diversify its borrowing mix across banks, NBFCs, and capital market instruments. Its lending partners include State Bank of India, Federal Bank, IndusInd Bank, IDFC First Bank, Axis Bank, Kotak Mahindra Bank, and SIDBI.
Founded in 2016 by Ashish Mohapatra, Bhuvan Gupta, Ruchi Kalra, and Vasant Sridhar, Oxyzo provides financing solutions to small and medium-sized enterprises operating in the manufacturing and contracting sectors. The company is also expanding beyond traditional lending as it works toward building a comprehensive financial services platform for SMEs.
On May 20, 2026, Oxyzo announced the acquisition of GoldenPi Technologies and GoldenPi Securities through a share-swap transaction valued at Rs 42.4 crore. The acquisition is expected to strengthen the company’s debt capital markets business and broaden its fixed-income investment offerings for retail and high-net-worth investors.
During the year, Oxyzo also launched Oxyzo Credit Fund I (OCF-I), a performing credit fund under its alternative investment platform, and entered the fund management space through its newly established subsidiary, Oxyzo Investment Manager Private Limited.
The company further strengthened its board by appointing former Brookfield executive Munish Dayal as an independent director.
Oxyzo undertook a series of restructuring initiatives during FY26. Its amalgamation scheme involving quick-loans subsidiary Z-First received approval from the National Company Law Tribunal (NCLT) and became effective in March 2026. The company is now pursuing a fast-track merger with the wholly owned subsidiary acquired in 2022.
The lender also accelerated its debt fundraising efforts, issuing non-convertible debentures (NCDs) worth Rs 900 crore during FY26, compared to Rs 553 crore in the previous fiscal year.
Total expenses increased 31% year-on-year to Rs 989.2 crore. Finance costs remained the largest expense category, rising 37% to Rs 599.2 crore, while employee benefit expenses grew 28% to Rs 183.6 crore.
Oxyzo attained unicorn status following a $200 million Series A funding round led by Alpha Wave and Tiger Global. Meanwhile, its parent company OfBusiness is preparing for a proposed $1 billion initial public offering (IPO), which is expected to comprise a mix of fresh issue shares and an offer-for-sale component.
FAQs About Oxyzo Financial Services FY26 Performance
Q1. How much revenue did Oxyzo Financial Services report in FY26?
Oxyzo reported operating revenue of Rs 1,488.8 crore in FY26, marking a 23% increase from Rs 1,207.4 crore in FY25.
Q2. What was Oxyzo’s net profit in FY26?
The company recorded a net profit of Rs 375.5 crore during FY26, reflecting an 11% year-on-year growth.
Q3. How large is Oxyzo’s loan book and asset base?
As of March 2026, Oxyzo’s loan book stood at Rs 10,545 crore, while its total assets reached Rs 11,822 crore, representing a 28% increase from the previous year.
Q4. What acquisition did Oxyzo complete in FY26?
Oxyzo acquired GoldenPi Technologies and GoldenPi Securities through a share-swap deal valued at Rs 42.4 crore to strengthen its debt capital markets business and fixed-income investment offerings.
Q5. What is Oxyzo’s current financial position?
Oxyzo ended FY26 with a net worth of Rs 3,327 crore, a capital adequacy ratio (CRAR) of 29%, and a liquidity surplus exceeding Rs 950 crore, indicating a strong financial position.
